There's a bullish "Flag", so the market is likely going to test the next resistance at 1.3996 - 1.4069. This area could be a starting point for a decline towards another support at 1.3928 - 1.3888. The price is still consolidating in a range of the developing "Flag" pattern. Also, there's a pullba....

Hello trader,Please find here below this week's wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. More education, analytics, articles, and webinars can be found daily on Admiral Markets. EUR/USDThe EUR/USD is again testing the support zone (green/blue) which could b...

GBP/USD 4 hourThe GBP/USD remains stuck in between support (blue) and resistance (red) and a breakout is needed to indicate the new direction. A bullish breakout above resistance (red) could spark the continuation of wave 5 (blue) within wave C (purple) whereas a bearish break could indicate a chang...

19.03.2018EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD is expected to continue falling towards the support at the 0/8 level.In the H1 chart, the pair is consolidating. In this case, the price may continue moving downwards to reach the support at the 0/8 level.As we can see in the M15 chart, t...

19.03.2018EURUSD, “Euro vs US Dollar”EURUSD is still falling inside the downtrend. Possibly, today the price may reach 1.2213 and then start another correction towards 1.2313. Later, the market may continue falling with the target at 1.2190. GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is moving...

First, a few words about the forecast for the previous week, which proved fully correct for cryptocurrencies: EUR/USD. When giving forecast for this pair, a large number of analysts claimed that the pair would continue to stay in the 1.2150-1.2550 side channel which it has been moving in since mid-....

There's a bullish "Flag" pattern, so the pair is likely going to reach the next resistance at 1.3996 - 1.4069. However, if we have a pullback from these levels, there'll be a moment for a downward price movement towards the nearest support at 1.3928. The price is consolidating above the Moving Ave....

Source: Admiral Markets MetaTrader 5 with the MT5 Supreme Edition Add-on The GBP/USD is bouncing from the POC zone that has been formed within 1.3920-30 price range. If it manages to stay above the EMA89 1.3940 it should be strongly bullish. First target is 1.3974. Above, we might see 1.4004-1.40.....

16.03.2018EURUSD, “Euro vs US Dollar”After reaching the target of the descending impulse, EURUSD has formed another consolidation range and broken it downwards. Possibly, the price may continue falling. The target is at 1.2245. GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading to break 1.3...

16.03.2018EURUSD, “Euro vs. US Dollar”In the H4 chart, EURUSD may break the support at the 1/8 level and then continue falling towards the 0/8 one.In the H1 chart, the pair is consolidating. The price may break the 3/8 level and continue falling to reach the support at the 0/8 one.As we can see in t...

EUR/USD4 hour The EUR/USD broke below the support trend line (dotted blue) which makes a larger bearish correction more likely. The correction is probably part of a larger wave 2 (purple) correction, as long as price stays above the 100% Fibonacci level. A bullish break above resistance (red) could...

The price is consolidating above the Moving Averages. It's likely that the pair is going to test the closest support at 1.3928. However, if a pullback from this level happens, bulls will probably try to reach the next resistance at 1.3996 - 1.4069. There's a consolidation, which is taking place ne....

GBP/USD 4 hourThe GBP/USD made a break and pullback above the long-term resistance trend line (dotted red) and is now testing a lower time frame resistance level. The next break could be a bullish continuation within wave 5 (blue). Price will need to stay above the support trend lines (green) otherw...

15.03.2018EURUSD, “Euro vs US Dollar”EURUSD is forming another descending impulse with the target at 1.2333. Later, the market may grow towards 1.2373, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the market may continue growing to extend the corre...

14.03.2018GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the downtrend has been corrected by 38.2% over the last several weeks. In the future, the ascending correction may continue towards the retracements of 50.0%, 61.8%, and 76.0% at 1.4026, 1.4102, and 1.4192 respectivel...

14.03.2018EURUSD, “Euro vs US Dollar”EURUSD has finished the ascending correctional structure. Possibly, today the price may consolidate at the top of this structure. After that, the instrument may break the range to the downside and continue falling inside the downtrend towards the first target at ...

Bulls found resistance at 1.3996. Nevertheless, the market is likely going to test the next resistance at 1.4069 in the coming hours. This level could be a starting point for a downward correction towards the nearest support at 1.3928. There's a "V-Top" pattern, which has been confirmed. Therefore....

GBP/USD was favored by a broad-based USD weakness during Tuesday’s session, following the news of Rex Tillerson’s dismissal as U.S. Secretary of State. The current cycle overview shows us that Cable is poised to post fresh highs across the board, as the pair managed to break above March 6th highs. I...

Bulls faced with resistance at 1.3928, so there's a "V-Top" pattern, so the market is likely going to test the closest support at 1.3840. Meanwhile, if a pullback from this level forms afterwards, there'll be an opportunity to have an upward price movement in the direction of the next resistance at....

EUR/USD4 hour The EUR/USD is in a large consolidation zone and the new direction will depend whether price breaks above resistance (red) or below support (green). A bullish breakout would confirm the expected wave 5 pattern.1 hourThe EUR/USD is building a channel which could indicate a larger WXY (...

13.03.2018EURUSD, “Euro vs US Dollar”EURUSD is consolidating around 1.2315. Possibly, today the price may move upwards to reach 1.2356. After that, the instrument may trade downwards with the target at 1.2200, break it, and then continue falling inside the downtrend towards the short-term target at ...

There's a local "V-Bottom" pattern, so the price is testing Moving Averages. The main intraday target is the nearest resistance at 1.3915. If a pullback from this level happens afterwards, bears will probably try to achieve another support at 1.3856 - 1.3799. All the Moving Averages have been brok....

The past week in the financial markets was characterized by high volatility, as well as the publication of important economic data and news from the United States.First, the statement by D. Trump that the customs duties on the import of aluminum and steel will be increased, frightened investors with...

Overview: Pivot point: 1.3813. The GBP/USD pair is still trading around the daily pivot point (1.3813). It continued to move downwards from the level of 1.3813 to the bottom around 1.3765. Today, the first resistance level is seen at 1.3813 followed by 1.3876, while the daily support 1 is seen at 1....

EUR/USD4 hour The EUR/USD is staying in between support (green/blue) and resistance (red) levels, which is building a larger consolidation zone. The breakout above or below these S&R levels will determine the next direction and whether price will start an uptrend or downtrend.1 hourThe EUR/USD...